Taiwan's unemployment rate to remain below 4% for most of 2015: Standard Chartered

Quotes from Standard Chartered:

-Taiwan will release Q4-2014 current account and January 2015 unemployment data on 26 February. We expect the current account surplus to have reached a record high of USD 18bn. The recent sharp fall in international oil prices has boosted the trade surplus, while rising tourism receipts are supporting the services balance.

-The January unemployment rate likely stayed below 4% on a seasonally adjusted basis for the ninth straight month. This reflects improving manufacturing confidence as economic activity picks up.

-We expect the unemployment rate to remain below 4% for most of 2015. This should further support consumer confidence, which has stayed largely on an upward path since early 2013, boosted by optimism over household income and the steady job-market outlook.